| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 82nd | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5443 Wade Park Blvd, Raleigh, NC, 27607, US |
| Region / Metro | Raleigh |
| Year of Construction | 2012 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5443 Wade Park Blvd Raleigh Multifamily Investment
High renter concentration in the surrounding neighborhood supports a deep tenant base, while occupancy trends are manageable for income stability according to WDSuite s commercial real estate analysis. Newer construction at the asset level provides competitive positioning versus older area stock.
Located in Raleigh s inner suburb framework, the neighborhood scores an A rating and ranks 45 out of 331 metro neighborhoods top quartile locally indicating balanced fundamentals for multifamily investors. Despite this relative strength, neighborhood occupancy trends sit nearer the national midrange, so lease management and renewals remain important to preserve NOI.
Renter-occupied housing represents a large share of units (high renter concentration, ranked 8 of 331), signaling a broad tenant pool and durable demand for multifamily. Median contract rents benchmark above many neighborhoods nationally, while the metro s elevated home values also above national norms reinforce reliance on rental options and can support pricing power and lease retention.
Amenities are mixed: restaurant and grocery access track around national midlevels, and cafe density is comparatively stronger. However, park and pharmacy presence within the immediate neighborhood is limited, which may modestly affect livability perception for some residents. Investors should weigh these factors alongside proximity to employment nodes and connectivity within the Raleigh-Cary region.
Within a 3-mile radius, demographics show a modest dip in population alongside a notable increase in households and smaller average household sizes a pattern consistent with more renters entering the market and supporting unit absorption. Forward-looking forecasts point to continued household growth and income gains, which can expand the renter pool and backstop occupancy and rent trade-outs over time. The property was built in 2012, newer than the neighborhood s average vintage of 1990, which helps competitiveness versus older inventory, though investors should still plan for mid-life system maintenance and selective modernization for positioning.
Safety indicators point to comparatively higher reported incidents than many areas in the metro. The neighborhood s overall crime rank is 208 out of 331 Raleigh-Cary neighborhoods, placing it below the metro median. Nationally, safety percentiles are on the lower end, indicating more reported incidents than typical U.S. neighborhoods.
Trend signals are mixed: recent estimates suggest property-related offenses declined modestly year over year, while violent incidents increased over the same period. Investors should account for these dynamics in underwriting through operational best practices (lighting, access controls, resident screening) and by leveraging professional management to support tenant retention.
Nearby employment includes large insurance, life sciences, and distribution firms that draw a commuting workforce and support renter demand and lease retention. Key anchors include MetLife, John Deere s training center, AmerisourceBergen, Erie Insurance, and Quintiles Transnational Holdings.
- MetLife insurance (4.2 miles)
- John Deere Morrisville Training Center agricultural/industrial equipment training (5.8 miles)
- AmerisourceBergen pharmaceutical distribution (6.0 miles)
- Erie Insurance Group insurance (6.3 miles)
- Quintiles Transnational Holdings life sciences/clinical research (7.9 miles) HQ
This 71-unit, 2012-vintage asset benefits from a high concentration of renter-occupied housing in the surrounding neighborhood, supporting demand depth and lease-up resilience. According to CRE market data from WDSuite, the area ranks in the top quartile among Raleigh-Cary neighborhoods overall, while occupancy benchmarks sit closer to the national midpoint a backdrop that favors disciplined renewal management rather than outsized lease growth assumptions. Newer construction enhances competitiveness versus older nearby stock, with mid-life system planning and selective updates offering potential value-add paths.
Within a 3-mile radius, household counts have been rising alongside smaller household sizes, and forecasts point to continued household and income growth factors that can expand the renter pool and support steady absorption. Elevated home values at the neighborhood level reinforce rental reliance, while rent-to-income positioning suggests manageable affordability pressure that can aid retention, assuming prudent rent setting and amenity alignment.
- High renter concentration supports a deep tenant base and demand stability.
- 2012 construction offers competitive positioning versus older inventory with targeted value-add potential.
- Household growth and rising incomes within 3 miles support absorption and renewals.
- Elevated ownership costs in the neighborhood can reinforce rental reliance and pricing power.
- Risks: below-metro safety standing and mid-cycle occupancy trends warrant conservative underwriting and strong management.